125
125
Jan 28, 2013
01/13
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evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to introdiscuss deuce this -- introduce this as well, otherwise a new imbalance here. through better regulation of banks, the capital that they need to the capital reserves that they need to have, we also see moral hazard in the sense that people increasingly seem to fly into the shadows of shadow banking. we were at one in saying when we agreed this at the g20 and the thought that every financial instrument, um, every financial be product, every financial market needs to be placed in regulation. we are very far from that.
evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to...
95
95
Jan 30, 2013
01/13
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CSPAN2
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begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the world, the big oil behemoths? the american taxpayer is asked to provide money to big and often foreign oil companies. is keeping big oil lobbyists happy with subsidies from the american people more important than addressing our deficit? should companies and wealthy individuals be allowed to hide their money from the tax man in offshore accounts while working families pay their taxes fair and square? is protecting that tax gimmick more important than addressing the deficit? how about that carried interest trick that allows hedge f
begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the...
64
64
Jan 29, 2013
01/13
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CSPAN2
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eye 64
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so let's not waste time with more pointless argument argument tax increases. we had that debate already. it's done, it's oamplet i call on democrats to approach it seriously and do it with order. we have to break this putting off all important work until the final hour. tweendz get back to regular order and that takes time. & that's why we need to get started right now. let the tough work of developing a budget and putting together a long-term policy to control government spending begin today not one minute or one hour before we come up against a deadline, but today. americans deserve better than what they've been getting from washington the past few years. democrats were reelected and i congratulate them. it's time mao to ge now to get s about actually governing. mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: quorum call: quorum call: mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: mr. president, i ask that the quorum call be dispensed
so let's not waste time with more pointless argument argument tax increases. we had that debate already. it's done, it's oamplet i call on democrats to approach it seriously and do it with order. we have to break this putting off all important work until the final hour. tweendz get back to regular order and that takes time. & that's why we need to get started right now. let the tough work of developing a budget and putting together a long-term policy to control government spending begin...
68
68
Feb 1, 2013
02/13
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, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in washington. however, all federal spending is spending on particular programs. spending is not just bad because it leads to these overall macro economic problems. spending a many hundreds of particular federal program caused damage to society and harm individual freedom and grid all kinds of other problems. so the issue with federal spending on the federal budget is not just the question of whether $3.6 trillion is too much to spend this year. but the problem is whether spending on the hundreds of particular federal programs causes damage to society a
, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in...
82
82
Jan 28, 2013
01/13
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eye 82
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we've sent our tax dollars, billions of them. and now all of a sudden some are suggesting we should change the rules when we are hit by the first major disaster to hit the new york city region in a very long time. that's not fair. that's not right. and we have argued against it, and i hope my colleagues will defeat the lee amendment. and i also say to my colleagues that this is not just dollars and cents. these are people who care, are waiting, homeowners waiting to rebuild their homes. they haven't moved back in. small business owners who are hanging on by a thread after building a business for 25 years. we know when the hand of god strikes, it's overwhelming for them. take rita from emerald magic lawn care. her company helps local families, schools and businesses with lawn care in the spring and summer and around the holidays they help with decorations and lights. but emerald magic's business was interrupted for many weeks. the client base dried up. rita's business will be in huge trouble. it may not survive if she doesn't get
we've sent our tax dollars, billions of them. and now all of a sudden some are suggesting we should change the rules when we are hit by the first major disaster to hit the new york city region in a very long time. that's not fair. that's not right. and we have argued against it, and i hope my colleagues will defeat the lee amendment. and i also say to my colleagues that this is not just dollars and cents. these are people who care, are waiting, homeowners waiting to rebuild their homes. they...
84
84
Jan 31, 2013
01/13
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CSPAN2
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eye 84
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i think you completely missed the tax question. i think the answer drifted off to a different direction and you did not talk about if gasoline falls down in the percentage of fuel and that gas tax stays flat, where you get the revenue to do the road work. i think the interesting comments, but he did not answer the question. the second thing, you're talking about electric automobiles and things like that, the electric grid can handle electric automobiles and a power plants. there is a capacity in the state public utility commissions supportive of expansions in both generation and transmission which some of us in the field don't see. so two parts to that. >> anyone want to weigh in? >> let me jump, if i may, the state of california because we do have a policy favoring electric transportation, kara, the governor. maybe even more surprisingly to some of you the independent system operator leaders in construction of new renewal energy generating facilities in california. we still import a lot of electricity we know we are going to need
i think you completely missed the tax question. i think the answer drifted off to a different direction and you did not talk about if gasoline falls down in the percentage of fuel and that gas tax stays flat, where you get the revenue to do the road work. i think the interesting comments, but he did not answer the question. the second thing, you're talking about electric automobiles and things like that, the electric grid can handle electric automobiles and a power plants. there is a capacity...
58
58
Jan 25, 2013
01/13
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madam secretary, you told the senate this morning the children of the tax around 4 p.m. on that day, and you're involved widely in the coordinator response which included the department of defense at the white house but did not speak to the president until later that evening. when did you talk to the president? >> two things. on a first lady made, carbon, the arb disagreed with that and did find that budget issues were asked to speak she testified under oath. >> that's why have an independent group like arb. that's why he was created to look at everything. so i think -- >> everybody has their own -- >> i think it's important -- [talking over each other] >> what about when you saw the president? when did you see the president? >> i talked to the present at the end of the day, but i've been in constant communication with the national security advisor. i had been on secure videoconferences with high level officials in the white house, in the defense department -- >> she testified she had witnessed the death in real-time, the attack on a monitor. at any time did you see the
madam secretary, you told the senate this morning the children of the tax around 4 p.m. on that day, and you're involved widely in the coordinator response which included the department of defense at the white house but did not speak to the president until later that evening. when did you talk to the president? >> two things. on a first lady made, carbon, the arb disagreed with that and did find that budget issues were asked to speak she testified under oath. >> that's why have an...